BOGGY BAYOU MULLET FESTIVAL COUNCIL INC (EIN 592264397) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

LANNIE CORBIN

Phone

8506783110

Tax Period

2021-01-01 to 2021-12-31

BOGGY BAYOU MULLET FESTIVAL COUNCIL INC, founded in 1982, is a micro nonprofit that reported $3K in total revenue in fiscal year 2021. Revenue fell 8774% from the prior year — a significant decline worth monitoring.

Mission

TO ORGANIZE AND PROMOTE AN ANNUAL FESTIVAL WITH THE AIM OF PROMOTING (CONTINUED ON SCHEDULE O) THE NICEVILLE-VALPARAISO AREA, PROVIDING RESIDENTS AND VISITORS WITH A QUALITY EVENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-2,949

Other Revenue $0

TOTAL REVENUE $-2,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,295

TOTAL EXPENSES $5,295

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-2,949	$34	-87.7%
Expenses	$5,295	$7,958	-0.3%
Net Income	$-8,244	$-7,924	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANNIE CORBIN	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRIDGETT ALLEN	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
SYLVIA NIEDZWIECKI	SECRETARY	3.00	Officer Director	$0	$0	$0
LAVON MASON	TREASURER	3.00	Officer Director	$0	$0	$0
WALTER F SPENCE III	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT SUMMERLIN	DIRECTOR	3.00	Director	$0	$0	$0
DEBORAH DYE	DIRECTOR	3.00	Director	$0	$0	$0
CYNTHIA HARRISON	DIRECTOR	3.00	Director	$0	$0	$0
SHEILA BISHOP	DIRECTOR	3.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$-2,949	$5,295	No data	$-8,244
2020	$34	$7,958	$144,608	$-7,924
2019	$88	$27,550	$152,532	$-27,462
2018	$349,181	$378,716	$179,994	$-29,535

BOGGY BAYOU MULLET FESTIVAL COUNCIL INC